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Aeroméxico July 2026 Traffic Results

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Grupo Aeroméxico (NYSE: AERO) reported July 2026 traffic with total capacity (ASMs) down 1.5% year-over-year and demand (RPMs) down 1.9%, resulting in a load factor of 88.0%, 0.4 percentage points lower than July 2025. The airline transported 2.157 million passengers in the month.

Domestic passengers decreased 7.4% to 1.331 million, while international passengers declined 4.0% to 826 thousand. Cumulatively to July, total passengers fell 2.7% year-over-year, but total ASMs grew 0.1% and total RPMs increased 0.6%, lifting the cumulative load factor 0.5 percentage points to 85.2%. According to Aeroméxico, international demand showed resilience and domestic demand recovered toward the end of the month following temporary moderation linked to the World Cup.

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Positive

  • 2.157 million passengers transported in July 2026
  • Cumulative 2026 RPMs up 0.6% year-over-year to 18,016 million
  • Cumulative load factor improved 0.5 p.p. to 85.2% through July 2026
  • International cumulative RPMs grew 2.7% to 12,890 million
  • International cumulative ASMs increased 1.6% to 15,042 million
  • CEO highlights resilient international demand and improving domestic bookings

Negative

  • July 2026 total passengers down 6.1% year-over-year
  • July domestic passengers declined 7.4% to 1.331 million
  • July international passengers decreased 4.0% to 826 thousand
  • July total RPMs fell 1.9% year-over-year to 2,910 million
  • July total ASMs decreased 1.5% year-over-year to 3,306 million
  • July 2026 load factor down 0.4 p.p. to 88.0%

Market Context

Recent insider activity was Net Selling, including a director purchase and reported sales in the 90-...
Analysis

Recent insider activity was Net Selling, including a director purchase and reported sales in the 90-day record. The low short-positioning signal adds context alongside this update’s capacity, demand, and utilization data.

Key Figures

Total capacity: -1.5% year-over-year Total demand: -1.9% year-over-year Load factor: 88.0%, down 0.4 p.p. +3 more
6 metrics
Total capacity -1.5% year-over-year July 2026 ASMs
Total demand -1.9% year-over-year July 2026 RPMs
Load factor 88.0%, down 0.4 p.p. July 2026 versus July 2025
Passengers 2 million and 157 thousand passengers July 2026
Total passengers -6.1% year-over-year July 2026
Cumulative load factor 85.2%, up 0.5 p.p. Cumulative through July 2026 versus 2025

Historical Context

5 past events · Latest: Jul 13 (Neutral)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jul 13 2Q26 earnings Neutral +2.3% Record revenue and guidance contrasted with higher fuel costs and a net loss.
Jul 02 June traffic results Negative -1.0% Passenger and demand declines coincided with a lower monthly load factor.
Jun 23 Q2 webcast notice Neutral +1.1% The company scheduled discussion of Q2 2026 financial results.
Jun 04 May traffic results Positive +0.7% Passenger, capacity, demand, and load-factor growth were reported for May.
May 07 April traffic results Neutral -0.2% Capacity, demand, and load factor increased despite a passenger decline.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Historical reactions were mixed across comparable company updates, with both positive and negative responses to traffic and financial disclosures.

Key Terms

available seat miles, revenue passenger miles, load factor
3 terms
available seat miles technical
"capacity, measured in available seat miles (ASMs)"
Available seat miles measure the total capacity of an airline to carry passengers, calculated by multiplying the number of seats available on all flights by the distance those flights cover. It indicates how much space an airline has to generate revenue from passenger travel. For investors, higher available seat miles generally suggest a larger operation and potential for increased earnings.
revenue passenger miles technical
"demand, measured in revenue passenger miles (RPMs)"
Revenue passenger miles measure the total distance traveled by paying passengers on a transportation service, calculated by multiplying the number of paying passengers by the miles they travel. It shows how much revenue-generating activity a transportation company is doing, helping investors assess how well the company is attracting and serving passengers. Higher revenue passenger miles typically indicate stronger demand and better financial performance.
load factor technical
"Aeroméxico’s July load factor was 88.0%"
Load factor is a measure of how efficiently a transportation service, such as a plane, train, or bus, fills its available seats or space over a period of time. It is calculated by dividing the actual number of passengers or usage by the total available capacity. A higher load factor indicates better utilization, which can lead to more profitable operations and is important for investors assessing the efficiency and profitability of transportation companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MEXICO CITY, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO, “Aeroméxico”) reports its July 2026 operational results.

Grupo Aeroméxico’s total capacity, measured in available seat miles (ASMs), decreased 1.5% year-over-year, while demand, measured in revenue passenger miles (RPMs), declined 1.9%.

Aeroméxico’s July load factor was 88.0%, down 0.4 p.p. compared with July 2025. During the month, Aeroméxico transported 2 million and 157 thousand passengers.

Andrés Conesa, Chief Executive Officer stated: “Our July traffic results were in line with our expectations. International demand continued to demonstrate resilience, delivering solid performance across our network. In the domestic market, demand recovered strongly toward the end of the month following the temporary moderation associated with the World Cup. These results, together with encouraging booking trends, reinforce our confidence in the outlook for the remainder of the year and our ability to continue executing our strategy. We will continue to optimize our network and capacity deployment to capture demand opportunities while maintaining our focus on profitability.”

 July
 Cumulative to July
 2026
2025
Var. 2026
2025
Var.
 
Passengers (itinerary + charter, thousands) 
Domestic1,331 1,437 -7.4% 9,058 9,464 -4.3%
International826 860 -4.0% 4,904 4,891 0.3%
Total2,157 2,298 -6.1% 13,962 14,355 -2.7%
        
ASMs (itinerary + charter, millions)       
Domestic877 929 -5.6% 6,116 6,331 -3.4%
International2,429 2,427 0.1% 15,042 14,802 1.6%
Total3,306 3,356 -1.5% 21,158 21,133 0.1%
        
RPMs (itinerary + charter, millions)       
Domestic764 824 -7.3% 5,126 5,348 -4.1%
International2,146 2,142 0.2% 12,890 12,554 2.7%
Total2,910 2,967 -1.9% 18,016 17,902 0.6%
        
Load Factor (itinerary, %)  p.p.    p.p. 
Domestic87.1%88.7%-1.6  83.8%84.5%-0.6 
International88.4%88.3%0.0  85.8%84.8%0.9 
Total88.0%88.5%-0.4  85.2%84.7%0.5 
              

Figures may not sum to total due to rounding.

The information included within this report has not been audited and does not provide information on the Company’s future performance. Aeromexico’s future performance depends on many factors and it cannot be inferred that any period’s performance or its year-over-year comparison will be an indicator of similar future performance.

Glossary:

  •  “RPMs” Revenue Passenger Miles represent one revenue-passenger transported one mile. This includes itinerary and charter flights. The total RPMs equals the number of revenue-passengers transported multiplied by the total distance flown.
     
  • “ASMs” Available Seat Miles represent the number of available seats multiplied by the distance flown. This metric is an indicator of the airline’s capacity. It equals one seat offered for one mile, whether the seat is used.
     
  • “Load Factor” equals the number of passengers transported as a percentage of the number of seats offered. It is a measure of the airline’s capacity utilization. This metric considers the total passengers transported and total seats available in itinerary flights only.
     
  • “Passengers” refers to the total number of passengers transported by the airline.

This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,”, “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Grupo Aeroméxico
Grupo Aeroméxico, S.A.B. de C.V., is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and in the promotion of passenger loyalty programs. Aeroméxico, Mexico’s global airline, operates primarily out of Terminal 2 of the Mexico City International Airport. Its destination network extends across Mexico, the United States, Canada, Central America, South America, Asia, and Europe. Aeroméxico’s current operating fleet includes Boeing 787 and 737 aircraft, as well as Embraer 190. Aeroméxico is a founding member of SkyTeam, an alliance celebrating 25 years and offering connectivity across more than 145 countries through its 18 partner airlines.

www.aeromexico.com
www.skyteam.com

Contact: aminvestorrelations@aeromexico.com


FAQ

How many passengers did Aeroméxico (AERO) carry in July 2026?

Aeroméxico transported about 2.157 million passengers in July 2026. According to Aeroméxico, this included 1.331 million domestic passengers and 826 thousand international passengers, representing a 6.1% decline versus July 2025 on a total basis.

What were Aeroméxico (AERO) July 2026 load factor and year-over-year change?

Aeroméxico reported a July 2026 load factor of 88.0%, down 0.4 percentage points year-over-year. According to Aeroméxico, domestic load factor was 87.1% and international 88.4%, with domestic declining and international effectively flat versus July 2025.

How did Aeroméxico (AERO) capacity and demand perform in July 2026?

Capacity measured in ASMs decreased 1.5%, while demand in RPMs fell 1.9% year-over-year in July 2026. According to Aeroméxico, domestic ASMs and RPMs declined, while international ASMs and RPMs posted slight year-over-year growth.

What are Aeroméxico (AERO) cumulative traffic results through July 2026?

Through July 2026, Aeroméxico carried 13.962 million passengers, down 2.7% year-over-year. According to Aeroméxico, cumulative ASMs rose 0.1% to 21,158 million, RPMs increased 0.6% to 18,016 million, and load factor improved 0.5 percentage points to 85.2%.

What does Aeroméxico (AERO) management say about the July 2026 outlook and bookings?

Management described July 2026 traffic as in line with expectations and highlighted encouraging booking trends. According to Aeroméxico CEO Andrés Conesa, resilient international demand and late-month domestic recovery support confidence in the remainder of the year and ongoing strategic execution.

Did Aeroméxico (AERO) grow international traffic cumulatively by July 2026?

Yes, international traffic grew on a cumulative basis through July 2026. According to Aeroméxico, international RPMs increased 2.7% year-over-year to 12,890 million, while international ASMs rose 1.6% to 15,042 million, improving the international cumulative load factor by 0.9 percentage points.